wiar 04-22-20

MFwebsite2020researchWhat I Am Reading

April 23 (Wednesday)

YRI Express
Morning Briefing PDF 
Daily Markets

Markets
Stock futures rise, rebounding from two days of steep losses C
Oil-Price Crash Deepens, Weighs on Global Markets W
Saudi Oil Stranded in Supertankers as Backlog Piles Up W
U.S. energy secretary to urge House lawmakers to buy oil for strategic reserve R

Central banks
ECB May Discuss Junk Debt Collateral in Call on Wednesday B

US
Coronavirus Sends One-Fifth of Workers to Unemployment Line in Some States W
What America Can Do to Fight Mass Unemployment N
Americans Pulled Back From Home Purchases in March as Coronavirus Spread W
Opinion: This is the one leading economic indicator stock investors should follow MW

China
Low Returns on Cash Squeeze Chinese Savers Out of Comfort Zone B

Japan
Japan’s Inflation Obsession Fades in Effort to Cope With Virus B

US politics
Senate passes $484 billion coronavirus bill for small business and hospital relief, testing C
Small Business Administration Declines Loan Disclosure W
The Public Companies That Got Small Business Loans W
States should say ‘no thanks’ to a federal bailout

Geopolitics & trade
China’s Coronavirus Diplomacy Has Finally Pushed Europe Too Far B
China Called Out in U.S. Warning Over Emerging Market Investing B
Senate Report Affirms U.S. Intelligence Findings on 2016 Russian Interference W

Industries & companies
FAANGs: Netflix has replaced TV as the center of American culture — just look at the viewership numbers C
FAANGs: Netflix Adds 16 Million New Subscribers W
FAANGs: Netflix boom, lack of sports will accelerate cord-cutting, Ben Silverman says C
FAANGs: Netflix says these three effects of the coronavirus crisis are impacting its business C
Financials: LendingClub slashes roughly 30% of workforce as Covid-19 dampens demand for loans C
Financials: Travelers Posts Lower Profit as Catastrophe Losses Rise W
Media: Disney+ has a big fan: Netflix CEO Reed Hastings C
Media: AT&T’s WarnerMedia to Launch HBO Max W
Restaurants: Chipotle’s Online Orders Surge, But Costs Hit Profit W
Tech: Snap Revenue Soars With Users Stuck at Home W
Wireless: Pandemic Builds Momentum for Broadband Upgrade W

Virus I
Political wrangling, controversy mark re-opening of U.S. states R
Some States Look to Reopen, but Others Want More Testing First W
Barr Threatens Legal Action Against Governors Over Lockdowns B
Far-Right Social Media Helps Stir Protests Over Quarantines B

Virus II
White House health advisor says Americans need to prepare for more deaths as coronavirus outbreak moves past peak C
Singapore Had a Coveted Virus Plan. What Went Wrong? W
Seven confirmed COVID-19 cases linked to Wisconsin’s April elections R

Virus III
Trump immigration ban halts green cards, not temporary visas C
Trump to Bar Immigration for Family of U.S. Citizens, Foreign Workers for 60 Days W
Trump Administration Slow to Distribute Coronavirus Aid to Hospitals W
Trump says coronavirus hospital ship USNS Comfort will leave New York City C